The Committee of Corporate Governance is focused on the lack of diversity in the Danish boards. The new recommendations are an expression of the Committee’s desire to have more women and profiles with international experience as board members.

Now what?
In light of the new recommendations the companies must develop an action plan which describes the company’s effort for diversity in the levels of management, e.g. by trying to increase the numbers of female board members.

Companies must develop concrete targets for the diversity, e.g. percentage limits for female board members and international profiles on selected levels of management. The preparatory process for the selection of candidates to the board must prioritize the diversity.

About Lund Elmer Sandager

Lund Elmer Sandager is a full-service law firm dedicated to advising clients on business issues and business-related legislation. Its goal is to provide the best counseling based on a high professional and ethical level and thorough knowledge of each client.
It also has extensive know-how and many years' experience in private law issues, such as ownership transition, succession plus family and matrimonial law, enabling the firm to advise clients and engage in civil litigation in addition to corporate counseling.